Despite the wild ride, investors should toast the markets in 2009
Investors received welcome relief from the markets rally. Many areas of the market that fared poorly in 2008 bounced back in 2009. U.S. equities turned in two of their biggest quarterly returns in over a decade, while corporate bonds had one of their best years ever. As investors moved up the risk curve, Treasuries suffered one of their worst years in the past two decades. Also, sovereign creditworthiness remains in the spotlight, as Dubai struggles and Greece received a credit downgrade. Commodity markets rebounded as well, as investors bet on an economic recovery.
Market Commentary Q409
Despite the wild ride, investors should toast the markets in 2009
Investors received welcome relief from the markets rally. Many areas of the market that fared poorly in 2008 bounced back in 2009. U.S. equities turned in two of their biggest quarterly returns in over a decade, while corporate bonds had one of their best years ever. As investors moved up the risk curve, Treasuries suffered one of their worst years in the past two decades. Also, sovereign creditworthiness remains in the spotlight, as Dubai struggles and Greece received a credit downgrade. Commodity markets rebounded as well, as investors bet on an economic recovery.
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